Sunday, 1 March 2009

Nile Perch sector collapses

From IPPMedia, Dar es Salaam
By Mbena Mwanatongoni

The Nile perch sector, once described as the saviour of Lake Victoria`s economy, is now collapsing as the global economic recession ravages Europe, leaving 300,000 Tanzanians without jobs.

Export data for December, January and February show that Nile perch fillet sales to European countries tumbled by 70 percent - the biggest drop in export sales since 2000 when the EU lifted the ban on importing fish from Lake Victoria.

The news comes amid this week’s conference of experts and stakeholders, who met at a Dar es Salaam hotel to discuss the escalating impacts of the global economic recession but failed to come up with solutions on how to bailout the dying sector.

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